The company reported standalone net loss during the quarter stood at Rs 14.10 crore as compared to net loss of Rs 10.64 crore in the previous year quarter.

Net revenue of the company declined substantially by 82.40 per cent at Rs 1.79 crore in April-June quarter of this fiscal as against Rs 10.17 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 68.42 per cent to Rs 6.07 crore from Rs 19.22 crore in year ago period.

Operating Profit slipped by 52.71 per cent to Rs -4.28 crore as against Rs -9.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 168.55 per cent in June quarter.

Interest grew by 7.24 per cent y-o-y to Rs 1.63 crore, while Taxation increased by 0.00 per cent at Rs -1.45 crore (Jun'24 Rs 0.00 crore).